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Incentive and Retention Plan [2000]

 

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Title:

Incentive and Retention Plan [2000]

Entities:

HCA Inc.

Date:

2000

Size:

6KB total

Price:

$40

ID:

#314203

 

 

► Plans ► Retention ► Incentive & Retention Plans
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COLUMBIA/HCA HEALTHCARE CORPORATION
2000 INCENTIVE AND RETENTION PLAN


1. Purpose of Plan.

This Plan shall be known as the "Columbia/HCA Healthcare Corporation
2000 Incentive and Retention Plan" and is hereinafter referred to as the
"Plan." The purpose of the Plan is to aid in attracting, retaining and
incentivizing key employees of Columbia/HCA Healthcare Corporation, a Delaware
corporation (the "Company") and its subsidiaries, to offer them opportunities
to benefit from their efforts to increase the value of the Company and certain
of its subsidiaries, to promote their long-term retention and to strengthen
further the mutuality of interests between such persons and the Company's
stockholders.

2. Stock Subject to Plan.

The shares subject to awards under the Plan shall be the authorized
common or preferred stock of one or more of the Company's subsidiaries (the
"Stock"). Such shares may be either authorized but unissued shares or issued
shares which have been reacquired by the issuer. The maximum number of shares
which may be issued pursuant to awards under this Plan shall be determined by
the Board and/or the Committee from time to time.

3. Administration of Plan.

The Plan shall be administered by the Company's Board of Directors
(the "Board"). The Board shall have plenary authority in its discretion, but
subject to the express provisions of the Plan, to administer the Plan and to
exercise all the powers and authorities either specifically granted to it under
the Plan or necessary or advisable in the administration of the Plan,
including, without limitation, to amend the Plan, to interpret the Plan, to
prescribe, amend and rescind rules and regulations relating to the Plan, to
determine the details and provisions of the Agreements and to make all other
determinations deemed necessary or advisable for the administration of the
Plan. The Board's determinations on the foregoing matters shall be final and
conclusive. The Board may delegate the administration of the Plan to a
committee (the "Committee") of two or more non-employee directors of the
Company. The members of the Committee shall be appointed by and serve at the
pleasure of the Board.

4. Restricted Stock Awards.

Awards of Stock may be granted to any officer or employee of the
Company or any of its majority owned subsidiaries, at any time or from time to
time, and upon such terms and conditions as may be determined by the Board
and/or the Committee. The awards shall be evidenced by agreements in such form
and containing such terms, conditions or restrictions as the Board and/or the

 

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